Former Enron CEO Made
Short Sale of Rival's Shares

By

Ken Brown Staff Reporter of The Wall Street Journal

Updated Jan. 14, 2002 12:20 a.m. ET

When Jeffrey Skilling resigned as chief executive of Enron Corp. in mid-August, he said he wanted to spend more time with his three children. "I've missed too many soccer games over the years," he told his brother Tom soon after he quit.

But instead of standing on the sidelines, Mr. Skilling stayed in the game, making a big, speculative stock-market bet against an Enron rival.